No Savings Plan: Pre-Retirement
It’s never too early to start saving, and that is especially true for your retirement. Why? The money that you save will eventually become your income, and to accumulate enough savings to live on in retirement, you must begin investing now. While saving for retirement is important, it is equally important to make smart decisions about where to invest your savings. This can be achieved by simply thinking about how you want to spend your retirement. Do you want to maintain your current lifestyle, downsize, or travel the world? Whatever you decide, you’ll need to determine the associated costs and save accordingly. Doing so will ensure that you have enough money during your retirement. If you haven’t already, make sure you add savings to your retirement plan.
You can budget for your retirement here.